Iovance Biotherapeutics Inc (IOVA)

[GMH*]

I really don't have any view one way or the other. Adding shares for employee incentives aligns employees with corporate goals. This represents about a 3.5% dilution over several years (10M/280M) but preserves some cash that would be expended on salaries otherwise. ESPPs are generally another good way to do this without as much dilution (selling shares at a discount vs giving them away as incentive).